Government Assisted Programs

Over the past 3 plus years the government has introduced several programs thru the Making Homes Affordable (MHA) legislation designed to help homeowners stay in their homes by avoiding foreclosure, substantially lower their payments, or at the very least, reduce the financial pain associated with having to relocate. The cornerstone of these programs is the Home Affordable Modification Program (HAMP). This is the plan that can lower a homeowner's interest rate to as low as 2%, and in some cases, actually reduce the principal owed on your home. It is by far the most aggressive and advantageous of all Loan Modifications available. Unfortunately it is also the hardest to qualify for. Since it's inception, roughly only 1 out of 4 Loan Modifications that have been offered are of this variety. Because of our tireless research and experience, nearly half of our Loan Modification clients have been able to qualify for this program. Other programs that have been introduced include the Home Affordable Refinance Program (HARP - discussed in more detail in our "Access To Lowest Rates" section), the Home Affordable Unemployment Program (HAUP) and the Home Affordable Foreclosure Alternatives Program (HAFA). These programs can all be of great value to those who qualify for them. However, they are not easy to navigate thru. Fortunately, again because of our constant vigilence in monitoring these ever-changing programs, we can do that for you in an extremely effective and time saving manner.


In these volatile economic times, many of our friends and neighbors have already been negatively impacted. We firmly believe that, unfortunately, the negative effects of the economy are sill going to reach more of our population. Even if you have survived so far, it is in your best interest to get your payment to the lowest possible to guard against any possible unforeseen future concerns. The newly revamped Home Affordable Refinance Program (HARP) could be a great way for you to accomplish just that. While HAMP is designed to help those homeowners that are already falling behind on their payments (or soon will be), HARP is targeted at helping homeowners who have been able to keep making their payments on time but due to circumstances beyond their control, have not been able to cash in on the record low rates that exist now. Again, because of our expertise, we can be an invaluable asset in helping you take advantage of this program.

We have also been able to help homeowners who have an FHA (Federal Housing Agency) loan and who owe more on their home than what it is currently worth thru a process called FHA Streamline. And, because many banks who own their own loans have also developed programs similar to those offered by Fannie Mae, Freddie Mac and FHA, we can now assist almost any homeowner who has been able to stay current on their mortgage into a refinanced loan with minimal cost and hassle. In most cases, there are virtually no restrictions on income, credit or property value and very little out-of-pocket expense. Because we are not tied to any one lending source or brokerage we are able to facilitate new loans with the lender you are currently with or shop other sources to make sure you get the most advantageous program available to you. Virtually everybody else you hear advertising on the radio or TV does not have this capability.

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Loan Modification Assistance

Loan Modifications are a tool designed to help both the distressed homeowner and the bank. When properly administrated, the financially challenged homeowner recieves a lower payment, allowing them to stay in their home, and the bank does not have to take an action, a foreclosure, that would otherwise cost them more money than charging the homeowner less than what they are currently. Because there are so many variables that go into a homeowner's eligibility, not everyone will qualify for these programs. However, more people do qualify for one or more of the available plans than realize it. Even worse, often times, due to the banks' inadvertent mishandling or mis-diagnosis, homeowners who should qualify for assistance will not have it offered to them. In fact, estimates are that approximately 600,000 homeowners who should be able to take advantage of The Home Affordable Modification Program (HAMP) will not do so. When you combine that with all of the other Loan Modification programs being offered, the number of homeowners who could participate in receiving assistance but don't could exceed a million! And, the same variables that determine eligibility for the myriad programs available also effect how much of a rate reduction and payment reduction you could expect.

We research these programs and talk to the banks everyday and can therefore help you understand and navigate thru all of these factors, thereby putting you in the position to take full advantage of the option that best fits your situation. We will assist you in putting your submission package together and maybe more importantly, we will communicate with the banks on your behalf as many times as it takes for as long as it takes to put you in the best possible position to receive the assistance you need, deserve and should be able to obtain.